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The Australian economy is probably in the indifferent peapod category but is slowly inching towards the happy circle.
There is an increase in employment, investment in business equipment and investment in infrastructure. However, wage growth is not occurring at a rate that would be considered as worthy of the happy circle. The stagnant nature of wage growth is caused by surpluses in labour resources (working within the PPF), ultimately contributing to the lack of consumer spending which does not promote economic growth.

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So Australia's doing alright but there can be improvement. Inflation is below the target of 2-3% set by the Reserve Bank. Could be due to lack of growth in wages. There is  less unemployment, with more workforce participation, however the wages are not increasing.

Economic growth in China has also boosted our growth - higher commodity prices

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The Australian economy seems to be average at the moment but has potential to have increase in economic growth. There is an increase in employment and commodity prices are increasing, however there is also low wage growth and consumer spending (does not help boost economic growth)

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But room for improvement.
There is a lot of investment in the private sector and growth in jobs which is a great thing. However, inflation is below target range, there is low amount of consumer spending and a large proportion of increases in our GDP are due to population growth.

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Strengths : employment is increasing, commodity prices are increasing and Government and private investments are increasing.
Weakness : low wages resulting in low spending, not helping to boost economic growth.

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(Krystal) We're doing alright, have potential.
Some of the main good things: jobs growth, business + government investment
Main bad thing: consumer spending (gotta get higher consumer confidence)
So it's kind of like, celebrate a bit but not too much.

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we're doing pretty ok all things considered i guess. employment is rising at least, so we just need to find ways to raise the employment rate higher than the rate of population growth.

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It sounds like the Australian economy is kind of average at the moment but has the potential to grow - population growth seems to be a big factor both driving and limiting growth (providing more labour but also meaning we have to divide increases by more people?? Our TOT is good, we are seeing small decreases in unemployment and jobs are growing but inflation is below target range and wages aren't yet following jobs growth.

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we have potential to be stronger!!!!!!!

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Strengths and weaknesses of the Australian Economy in 2018

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Strengths and weaknesses of the Australian Economy in 2018